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ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losing more than 2.5 points, and the s&p rose almost four points. and, as suzanne pratt reports there are conflicting views on the state of american manufactur
ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in...
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Sep 28, 2012
09/12
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so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't know that turning food into gasoline is necessarily what we want to be doing in the long term. >> reporter: and it affects this market? >> you bet it does. as corn prices go up cattle prices go up. simple as that. that's an input cost to feeding cattle is corn, so you've got to take cattle prices higher to offset that. >> reporter: thanks very much. >> you bet. >> tom: a quiet ending to the third quarter for stocks the major indices falling. the s&p 500 spent the entire session in negative territory. it made three failed attempts to get to
so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a...
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Oct 1, 2012
10/12
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fed chairman ben bernanke speaking right now out in indianapolis. he is about to take questions on the impact of the new qe3. in his prepared remarks, a full-throated defense of what he's done policiwise in the wake of the big financial crisis. we're going to bring it to you live. the fed and strong manufacturing numbers out today have the market squarely in rarely mode. the dow right now up 124 points, 1 13,561. >>> let's go where the action is. at the nyse. sue herera. >> as we wait for ben bernanke to begin that q&a session, we have a big stock market rally on our hands the first day of the trading quarter, up 123 points right now. bob pisani's joining me now on the floor. you're up a little sigh of relief there. a rally that's carried over to the u.s. but are the underpinnings here at home strong enough? >> new order xoen fent norcompo ism moved the market up in addition to follow-through from europe. the dow industrials were off the high 2-1 advancing to declining stocks. it was 3-1 earlier but you could see we've dipped a little just in the la
fed chairman ben bernanke speaking right now out in indianapolis. he is about to take questions on the impact of the new qe3. in his prepared remarks, a full-throated defense of what he's done policiwise in the wake of the big financial crisis. we're going to bring it to you live. the fed and strong manufacturing numbers out today have the market squarely in rarely mode. the dow right now up 124 points, 1 13,561. >>> let's go where the action is. at the nyse. sue herera. >> as we...
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Sep 27, 2012
09/12
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. >>> then agree to disagree with ben bernanke. james bullard with us saying the central bank's latest stimulus program may have been a mistake. he'll explain next. >>> plus, spending twice your annual income sounds like financial suicide, right? what if i told you that's exactly what many of the lower earnings of america are doing now? stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd
. >>> then agree to disagree with ben bernanke. james bullard with us saying the central bank's latest stimulus program may have been a mistake. he'll explain next. >>> plus, spending twice your annual income sounds like financial suicide, right? what if i told you that's exactly what many of the lower earnings of america are doing now? stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge...
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past four months but the gains were minimized after coleman's bought the us federal reserve chairman ben bernanke which there will be a price many investors move on and take a look at current season of currencies of their boss and their look at the russian markets first and see how this started off there the markets here will open about two hours from now but if you take a look the r.t.s. and the my stocks tracked overseas gains and. and over at super science it was a bit of a currency's now see what's happening with the euro dollar and ruble when it comes to the euro it is gaining against the u.s. dollar strengthening and the ruble gained against a currency basket on monday as i said updated figures coming up in less than two hours from now actually but i want to stay with her and talk about c.n.n. because the battle for b.p.'s fifty percent stake is now hitting up and it's continuing of course the main contenders is the they are consortium as well as all dried roles that they are has now hard the rothschild group which is set to organize the loan to help they are acquire that fifty per
past four months but the gains were minimized after coleman's bought the us federal reserve chairman ben bernanke which there will be a price many investors move on and take a look at current season of currencies of their boss and their look at the russian markets first and see how this started off there the markets here will open about two hours from now but if you take a look the r.t.s. and the my stocks tracked overseas gains and. and over at super science it was a bit of a currency's now...
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Oct 1, 2012
10/12
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CNBC
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wile we watch equities benefit from so many of the things ben bernanke and company are doing, it seems as though treasuries are still hunkered down no matter if it's a stronger than expected on the ism or some of the weaker, like chicago, the treasury market seems to be kind of entranched. normally i get e-mails about the markets. this current e-mail says -- hey, bob pisani and rick santelli must buy their shirts and ties at the same place. i guess we looked a little similar there. >> if i put you side by side, i'd think you were twins, rick! thanks so much. >>> here's what's interesting. another survey saying that allocations to stocks continues to drop. but stocks keep moving higher which begs the genius question of exactly who is buying stocks. let's try to find out. joining us, the president of kinsdale trading and managing director at hightower advisors. stocks move higher for one reason -- there are more buyers than sellers. but every study i see says americans hate stocks. nobody's buying -- who's buying? >> i think what you're seeing is some institutional purchases. you have a
wile we watch equities benefit from so many of the things ben bernanke and company are doing, it seems as though treasuries are still hunkered down no matter if it's a stronger than expected on the ism or some of the weaker, like chicago, the treasury market seems to be kind of entranched. normally i get e-mails about the markets. this current e-mail says -- hey, bob pisani and rick santelli must buy their shirts and ties at the same place. i guess we looked a little similar there. >> if...
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Oct 1, 2012
10/12
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stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of the worst levels finishing flat on the session. that had everything to do with apple. apple stock today down bringing the rest of the market down with it. it is in so many portfolios. s&p 500 up. it's the last day of the quarter of the year. we closed off the highs of the day. not a bad way to kick off the fourth quarter. is today's performance a good indicator of what's ahead? should investors be bracing for a rocky road going into year end? i bring in right now wells fargo adviser, chase investment council, peter, cnbc.com's jeff cox, our own rick santelli. good to see you all. thank you so muc
stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off...
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Sep 28, 2012
09/12
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my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that. >>> in one of the best tweet smackdowns ever, oreo recently asked followers if they had ever brought cookies into a movie theater. yes, i have. which prompted this response from amc theaters. "not cool, cookie. a reference to its no food policy. oreo quickly fired back. fair enough but don't hate the player, hate the game. and back and forth it went with amc's answer game on, oreo. game on. jane and bob, what do you think? this kind of social engagement help or hurt the brands themselves. jane? >> i think it helps very much. particularly amc theaters which has twice as many followers on twitter as oreo. and it
my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that....
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Oct 1, 2012
10/12
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. >>> he was an advocate for open-ended qe long before fed chairman ben bernanke announced qe infinity. >> now chicago fed president charles evans is ready to take on critics of the plan. >>> we're kicking off the fourth quarter with the biggest bull of all the squawkmarket masters. the odds of hitting dow's 17,000 by the end of next year are looking better and better says jeremy siegel. the third hour of "squawk box" starts right now. ♪ >>> good morning again. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin and our guest host has been craig barrett, the former chairman and ceo of intel, obviously we have a lot more to discuss with him but we also have many other big guests who are joining us through the hour, don't forget that this is the beginning of the fourth quarter, you can start it off with our portfolio strategy session, speaking with jeremy siegel about the market events likely to drive the fourth quarter including the november election. coming up at 8:30 a.m. eastern, cnbc's exclusive interview with chicago fed preside
. >>> he was an advocate for open-ended qe long before fed chairman ben bernanke announced qe infinity. >> now chicago fed president charles evans is ready to take on critics of the plan. >>> we're kicking off the fourth quarter with the biggest bull of all the squawkmarket masters. the odds of hitting dow's 17,000 by the end of next year are looking better and better says jeremy siegel. the third hour of "squawk box" starts right now. ♪ >>> good...
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Oct 1, 2012
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september ism in less than an hour as well as a speech from ben bernanke. >> two big downgrades on two big companies. microsoft says momentum will slow. >> and facebook's stock is up 30% from the july lows. >>> and julia boorstin with a sitdown with facebook's cheryl sandberg. >>> futures ant rise and the fourth quarter gets under way. major indices coming off a third quarter that was their best quarterly performance in two years. but there's a lot for wall street to digest this week waiting for today's monetary policy speech from bernanke. and the big jobs number is coming up on friday. it's been said that q3 was characterized by expectations from central banks, that we got what we wanted and that's not necessarily going to be the picture for this quarter. >> you're fighting worldwide feds. if you don't like the market, i understand expectations lowered along with estimates lowered. all you have to do is beat estimates even if they're lowered and you have the various feds behind you. still got a good market. >> evans this morning on "squawk" is few moments ago saying he'd like to see
september ism in less than an hour as well as a speech from ben bernanke. >> two big downgrades on two big companies. microsoft says momentum will slow. >> and facebook's stock is up 30% from the july lows. >>> and julia boorstin with a sitdown with facebook's cheryl sandberg. >>> futures ant rise and the fourth quarter gets under way. major indices coming off a third quarter that was their best quarterly performance in two years. but there's a lot for wall street...